|
|
Post by lynnanthony on Oct 9, 2016 20:52:06 GMT
SM rather active this evening, at least 45 different loans appeared and mostly disappeared, and not all low rate stuff, there's been 11% and 12% stuff. I've been picking up £100's in various loans and have transferred more money in to cover any more that might appear.
|
|
iren
Member of DD Central
Posts: 302 
Likes: 300
|
Post by iren on Oct 9, 2016 21:06:43 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind  At first I was very cynical, it looks like a large fund dumping the sub 8% rates on us subordinates because it knows it has preferential access to better rates coming. However, nobody wants my DM at 12%, and there are normally a few takers. So it could be that a large range of loans was put on the SM last night/this morning and all the better rates went immediately leaving only the 8% and below. I was fully invested last night so I can't tell if this is true or really someone big decided to give us their low rates. Can anyone else add evidence one way or the other? I had a bit of cash and bought into several of the loans that became available last night. The only one I got that doesn't still have availability now, leaving aside a couple of £1 investments, was £95.11 into loan 322 at 8%.
|
|
pikestaff
Member of DD Central
Posts: 2,187
Likes: 1,546
|
Post by pikestaff on Oct 10, 2016 7:11:15 GMT
My cash swept to the QAA has been over £3k for as long as I can remember, though I have buy orders many times that. The system bought a lot for me yesterday, and for the first time in ages I have no cash left. Time to top up and see what happens.
I hope to follow the diamond guy from TC, but it's likely to take at least a week for the repayment to be processed by TC, repaid to me, and then transferred to AC. There will be a lot of people in the same boat, so it will take underwriters a while to sell down their positions.
|
|
|
|
Post by crabbyoldgit on Oct 10, 2016 7:24:06 GMT
This morning 33 low rate loans available.I was not arround yesterday to see, are loans selling down and then being topped up again ,suggesting a human managing liquidity.It is very unusual in particular at the weekend when the sm normally dies.Saturday i picked a single 1p loan part and now this.
If its the qaa/30day accounts are making room for a big meal of new loans,the overall sums do not feel large enough.Confused here.
|
|
tonyr
Member of DD Central
Posts: 477
Likes: 258
|
Post by tonyr on Oct 10, 2016 7:34:11 GMT
This morning 33 low rate loans available.I was not arround yesterday to see, are loans selling down and then being topped up again ,suggesting a human managing liquidity.It is very unusual in particular at the weekend when the sm normally dies.Saturday i picked a single 1p loan part and now this. If its the qaa/30day accounts are making room for a big meal of new loans,the overall sums do not feel large enough.Confused here. My best guess at the moment is that there is a circa £1m investor/fund that is exiting. They first put all the 8%'s up on Sunday, then when they saw those were going well they put the sub 9% up. My guess is that they'll put the 9%s up next, perhaps today or tomorrow.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Oct 10, 2016 8:08:19 GMT
This morning 33 low rate loans available.I was not arround yesterday to see, are loans selling down and then being topped up again ,suggesting a human managing liquidity.It is very unusual in particular at the weekend when the sm normally dies.Saturday i picked a single 1p loan part and now this. If its the qaa/30day accounts are making room for a big meal of new loans,the overall sums do not feel large enough.Confused here. My best guess at the moment is that there is a circa £1m investor/fund that is exiting. They first put all the 8%'s up on Sunday, then when they saw those were going well they put the sub 9% up. My guess is that they'll put the 9%s up next, perhaps today or tomorrow. I think they did it all yesterday evening. From around 18:00 to around 23:45 I picked up a substantial quantity of loan parts ranging from 8.5%(313) to 12% (331). There is still a lot of sub 8.5% available (and a few bits higher).
|
|
tonyr
Member of DD Central
Posts: 477
Likes: 258
|
Post by tonyr on Oct 10, 2016 9:52:15 GMT
My best guess at the moment is that there is a circa £1m investor/fund that is exiting. They first put all the 8%'s up on Sunday, then when they saw those were going well they put the sub 9% up. My guess is that they'll put the 9%s up next, perhaps today or tomorrow. I think they did it all yesterday evening. From around 18:00 to around 23:45 I picked up a substantial quantity of loan parts ranging from 8.5%(313) to 12% (331). There is still a lot of sub 8.5% available (and a few bits higher). The 8% were up in the morning, and there was nothing higher. So I grabbed those, now I'm trying to sell for the higher rate.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Oct 10, 2016 10:44:35 GMT
SM rather active this evening, at least 45 different loans appeared and mostly disappeared, and not all low rate stuff, there's been 11% and 12% stuff. I've been picking up £100's in various loans and have transferred more money in to cover any more that might appear. One of the really good things about AC website (amongst many others) is that you can bid and forget, so if something does become available your existing bid will buy it Perdonally I'd like to know if I make a purchase (above a certain value say £10) but still
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
Post by warn on Oct 10, 2016 15:14:28 GMT
...on it's own. It's been absorbing... One out of two's not bad 
(Sorry - pickled onions for lunch - didn't agree with me)
|
|
|
|
Post by pepperpot on Oct 11, 2016 11:16:48 GMT
To take out his TC loan not to supplement it I trust? I don't hold any of this on TC, but it is generally regarded as one of the better TC loans, and at 11.5% I may have a little punt. Question is if I pick up some in my MLIA, how do I stop the QAA picking up a load more? Showing as 11% now, I'm fairly certain the 11.5% above was correct at the time. What is/was the rate on TC?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Oct 11, 2016 11:20:40 GMT
Given the agreement was supposedly signed in September, do we conclude that 0.5% is going into AC's margin?
|
|
|
|
Post by shylock on Oct 13, 2016 14:19:24 GMT
... What is/was the rate on TC? All DM loans on the TC platform carry/carried 11.5%pa returns to investors. Not quite. Loan 3 (now fully repaid) was 11% and the more recent loans 8 and 9b are at 12%.
|
|
|
|
Post by crabbyoldgit on Oct 17, 2016 21:20:35 GMT
i have been thinking (dangerous) about the continued availability of sub 9% loans on the sm.
1 If it is the qaa/30 day accounts selling to raise cash to cover upcoming loans and save underwritting costs ,it, i think can not work, any money raised is almost certainly held in the qaa as swept funds.So what comes in the front door instantly leaves by the back door.
2 Some of the available loans must be gbba compliant,but they are not being hoovered up so i guess there is no great que of funds awaiting investment in the gbba fund.
3 There seems to be no great appetite from manual investers to pick up the loans.Which asks how AC will fund sub 9% loans in the future that do not fill the required qaa/30 day rules if manual investers do not find them attractive.
4 What is for sure sub 9% loans at the moment anyway are not as liquid as we have been used to and may not be in the future?
5 The limits on the qaa/30day accounts have not been raised for a while ,are we seeing a slowing down of new invester capital coming in.Has anybody been taking note of that number of investers on the web page, are they growing.
I have prob got this all wrong somewhat, a pint of strong cider tends to not improve my thinking.Never mind, NURSE, another pint now please!
|
|
|
|
Post by bracknellboy on Oct 17, 2016 21:28:20 GMT
There is an 'in excess' of £4m loan in the pipeline which it is known the borrower would like to conclude on (refinance off another platform): my thinking was that perhaps potential underwriters are freeing up cash for that. What would be interesting would be to know how much transaction volume there has been on the SM. The total value of what is available at any time is probably not substantive enough to fit with that explanation, but the total transactional volume might be.
|
|
iren
Member of DD Central
Posts: 302
Likes: 300
|
Post by iren on Oct 18, 2016 12:30:07 GMT
i have been thinking (dangerous) about the continued availability of sub 9% loans on the sm. 1 If it is the qaa/30 day accounts selling to raise cash to cover upcoming loans and save underwritting costs ,it, i think can not work, any money raised is almost certainly held in the qaa as swept funds.So what comes in the front door instantly leaves by the back door. 2 Some of the available loans must be gbba compliant,but they are not being hoovered up so i guess there is no great que of funds awaiting investment in the gbba fund. 3 There seems to be no great appetite from manual investers to pick up the loans.Which asks how AC will fund sub 9% loans in the future that do not fill the required qaa/30 day rules if manual investers do not find them attractive. 4 What is for sure sub 9% loans at the moment anyway are not as liquid as we have been used to and may not be in the future? 5 The limits on the qaa/30day accounts have not been raised for a while ,are we seeing a slowing down of new invester capital coming in.Has anybody been taking note of that number of investers on the web page, are they growing. I have prob got this all wrong somewhat, a pint of strong cider tends to not improve my thinking.Never mind, NURSE, another pint now please! Re your point 1, I think new money does come on board if QAA holdings are put up for sale to other accounts. It does from me, as I only use the QAA for small sums pending MLIA investment. When that goes, I bring more funds on to the platform. Re your point 4, these events have been a reminder of how quickly the liquidity situation can change on a platform. One day you can't get into a loan you've been targeting for weeks or months, the next day there's tens of k of it available that no one seems to want. And that's without any kind of market scare, or any issue of doubt about the platform.
|
|
